The renting versus house purchase debate is an age-old one. Events over the past 12 months or so have helped clarify the property-related priorities of some but also served to further muddy the waters for others.
Although homeownership aspirations appear to remain strong, rising house prices and demand means that these continue to be a challenge for many. Research from Aldermore recently revealed that 38% of prospective first-time buyers said they were rejected for a mortgage once (compared to 36% in March 2020), and 43% said they were rejected for a mortgage more than once, a large spike from just 17% in March 2020.
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